MONTREAL, Nov. 6, 2017 /CNW Telbec/ - Stephen Bronfman is a proud Canadian and has always fully complied with all legal requirements, including with respect to taxes.

Stephen Bronfman has never funded nor used offshore trusts. His Canadian trusts have paid all taxes on all their income to the Canadian Government.

Stephen Bronfman states that the single loan made over a quarter century ago to the Kolber Trust was repaid 5 months later, and was on an arm's length, fully commercial basis, in full compliance with all legal requirements, including with respect to taxes.

Stephen Bronfman had no other direct or indirect involvement whatsoever in the Kolber Trust.

Stephen Bronfman and his family have always conducted themselves in accordance with the highest legal and ethical standards.